Dairy Queen
$2,400,000
8803 Mo 45, Weatherby Lake, MO 64152
2,332 sqft
Building Size
1.06 acres
Lot Area
Details:
Highlights:
- HIGH-PERFORMING, DRIVE-THRU DAIRY QUEEN RESTAURANT
- 20 YEAR ABSOLUTE NNN LEASE
- AFFLUENT AND DESIRABLE SUBURB OF KANSAS CITY
- LARGE OUTPARCEL TO TOP VISITED GROCERY-ANCHORED SHOPPING CENTER
- DENSE TRADE AREA WITH NEW RESIDENTIAL COMMUNITIES UNDER DEVELOPMENT
Description:
MISSOURI BROKER OF RECORD....GOLDMAN INVESTMENT ADVISORS....License No. CO0000311
Faris Lee Investments is pleased to present the rare opportunity to acquire fee simple interest (Land & Building) in a drive-thru, freestanding Dairy Queen property in affluent Parkville, Missouri. This quick-service restaurant is a high-performing location for the brand with sales above the brand’s average unit volume, and features a brand new, long-term, Absolute NNN lease with 10% rental increases every five years of the initial 20-year lease term and renewal options. This long-term lease provides additional security and stability for an investor. The drive-thru restaurant also sits on a large 1.06-acre parcel fronting a grocery-anchored shopping center, making it a highly attractive investment property.
This Dairy Queen location in Parkville MO has frontage on Tom Watson Parkway (17,000+ VPD) and benefits from the traffic created by the Price Chopper grocery store, adjacent retailers, and community drivers. Price Chopper has had over 1M visitors in the last 12 months (Placer.ai) and ranks as the #6 most-visited location in the grocery chain. Parkville is an affluent community just 9 miles from downtown Kansas City, and known for its highly rated Park Hill School District. Within a 5-mile radius, the 98,000+ residents report an impressive Average Household Income of over $116,000. Parkville is growing rapidly, as the city expects the population counts to expand by 20% over the next 10 years. Additionally, this Dairy Queen will directly service a new 340-unit townhome community under development just west of the subject property.
Located just outside Kansas City and nestled on the Missouri River border of Kansas and Missouri, Parkville is known for its antique shops, art galleries, and historic downtown. Parkville is a charming historic town that’s perfect for a day of dining, shopping, and enjoying the beautiful English Landing Park with walking trails set alongside the Missouri River. From Cafe Des Amis, a French fine dining restaurant in downtown Parkville, to the new Engaged Holdings, a 30,000 sq. ft. office building, Parkville is growing with visionary entrepreneurial spirit. Parkville describes their community as diverse, where you can still build a successful future in a community who invests in their local economy. There are many new home developments featuring high-end luxury apartments, maintenance provided townhomes and new single family developments. Parkville features convenient access to Kansas City’s International Airport, downtown Kansas City and the Country Club Plaza shopping district and Legends Outlets offers a central location for residents and employees to live, work and play while enjoying the simple charm of a small community and an environment of creativity, beauty and rich support, earning the nickname “Parkville Triangle.” Park University is a private, liberal-arts college in Parkville with a Fall 2022 undergraduate enrollment of 7,387. Additionally, Platte County’s population has grown 20% since 2010.
Location
Gallery
